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The Joint Corp. (NASDAQ: JYNT) is a pioneering company in the chiropractic care industry, transforming the traditional and often misunderstood concept of routine chiropractic care into an accessible and affordable reality. Founded in 1999 by Dr. Fred Gerretzen, The Joint Corp. has grown into the nation's largest provider of chiropractic care through its extensive network of The Joint Chiropractic® clinics. Headquartered in Scottsdale, Arizona, the company operates over 900 locations across 42 states, serving millions of patients annually.
The company operates through two key segments: Corporate Clinics and Franchise Operations. The Corporate Clinics segment includes company-owned or managed clinics, while the Franchise Operations segment covers franchised clinics. This dual approach allows The Joint Corp. to maintain high standards of care and expand its footprint efficiently.
Our Mission: The Joint Corp. aims to improve the quality of life through routine and affordable chiropractic care, eliminating the need for insurance. Experienced, licensed chiropractors develop personalized treatment plans to relieve pain and provide ongoing preventative care. The company's unique business model emphasizes convenience with no appointments required, no insurance hassles, and extended hours, including evenings and weekends.
Achievements and Recent Developments:
- Expansion: Recently, The Joint Corp. debuted its first location in West Virginia, extending its reach to 42 states. This expansion reflects the company's strategy to grow its presence nationwide through both corporate-owned and franchised clinics.
- Financial Performance: For Q3 2023, The Joint Corp. reported revenue of $29.5 million, a 11.3% increase compared to the same period in 2022. The company continues to execute its strategic plan to refranchise or sell a majority of its company-owned clinics, focusing on high-performing locations to drive profitability.
- Community Engagement: The Joint Chiropractic has partnered with Rachel's Challenge, a nonprofit organization dedicated to preventing school violence, to promote wellness and community well-being.
- Innovative Care: The Joint Chiropractic offers concierge-style services in a retail setting, making chiropractic care accessible to everyone from children to seniors. Special promotions, such as the 'Back Friday' offering during peak seasons, enhance the value provided to patients.
With its retail healthcare business model, The Joint Corp. is consistently recognized on various prestigious lists, including Franchise Times' 'Top 500+ Franchises' and Entrepreneur's 'Franchise 500.' The company's innovative approach continues to revolutionize the chiropractic industry, making quality care both convenient and affordable.
The Joint Corp. (NASDAQ: JYNT) reported key operating metrics for 2024, showing growth across multiple areas. Patient visits increased to 14.7 million from 13.6 million in 2023, while new patients grew to 957,000 from 932,000. The company achieved 9% system-wide sales growth and maintained 4% comp sales.
The clinic network expanded to 967 total locations, with 842 franchised clinics (up from 800) and 125 company-owned or managed clinics (down from 135). The company sold 46 franchise licenses in 2024, compared to 55 in 2023. In early January 2025, JYNT received letters of intent to refranchise the majority of its corporate clinic portfolio, aligning with its strategy to become a pure-play franchisor.
The company plans to implement price increases, strengthen promotions, launch a mobile app, and enhance digital marketing in the first half of 2025 to drive growth and improve patient retention.
The Joint Corp. (NASDAQ: JYNT) has been recognized by Franchise Times as one of the top 40 smartest-growing franchises, ranking No. 38 on the Fast & Serious 2025 list. The recognition is based on a proprietary 10-point formula that evaluates percentage sales growth, percentage unit growth, dollar sales growth, and numerical unit growth over three years.
The company, which is the nation's largest provider of chiropractic care through The Joint Chiropractic network, attributes its growth to patient-centric services, including no-appointment necessary visits, no insurance requirements, affordable care, and convenient operating hours including evenings and weekends.
The Joint Corp (NASDAQ: JYNT), a national operator, manager, and franchisor of chiropractic clinics, has announced its participation in the 13th Annual ROTH Deer Valley Event. The conference will take place from December 11-14, 2024, at the Montage Deer Valley in Park City, UT. President and CEO Sanjiv Razdan and CFO Jake Singleton will conduct one-on-one meetings on December 12th and 13th. Interested investors can arrange meetings through their ROTH representative or by contacting Kirsten Chapman of Alliance Advisors IR.
The Joint Corp reported Q3 2024 financial results with revenue growth of 2% to $30.2 million. The company experienced a net loss of $3.2 million, including $3.8 million in loss on disposition or impairment. System-wide sales increased 8% to $129.3 million with system-wide comp sales of 4%. The total clinic count reached 963, with 838 franchised and 125 company-owned locations. During Q3, 14 franchised clinics opened while 11 closed. The company adjusted its 2024 guidance due to consumer headwinds, expecting system-wide sales between $525-535 million and new franchised clinic openings between 55-60.
The Joint Corp. (NASDAQ: JYNT) has secured a two-year sponsorship agreement with Grand Canyon University Athletics, becoming their Official Chiropractor through 2026. The partnership demonstrates The Joint's commitment to their hometown market and promotes chiropractic care benefits for collegiate athletes. The Joint Chiropractic operates over 40 locations in the greater Phoenix metropolitan area and serves as the official chiropractic partner for more than 15 professional sports and collegiate athletic programs nationwide.
The Joint Corp. (NASDAQ: JYNT), the nation's largest franchisor of chiropractic care, announced it will report its third quarter 2024 financial results on Thursday, November 7, 2024, after market close. A conference call led by President and CEO Sanjiv Razdan and CFO Jake Singleton will be held at 5:00 p.m. EST. Shareholders can join the call by dialing (833) 630-0823 or (412) 317-1831. A live webcast with slides will be available on the company's IR events section, accessible for approximately one year.
The Joint Corp. (NASDAQ: JYNT) has appointed Sanjiv Razdan as its new President and Chief Executive Officer, effective October 14, 2024. Razdan will also join the company's Board of Directors. This announcement coincides with the resignation of Peter D. Holt from his positions as President, CEO, and director.
Razdan brings extensive experience in consumer services and franchise business leadership, having worked with successful organizations such as YUM! Brands, Dine Brands, The Coffee Bean and Tea Leaf, and Sweetgreen. His expertise lies in brand building, culture championing, and driving innovation for sustainable growth.
The Joint Corp., the largest franchisor of chiropractic care in the United States through The Joint Chiropractic® network, aims to leverage Razdan's experience to shape its next growth phase and enhance its market position in routine and affordable chiropractic care.
The Joint Corp. (NASDAQ: JYNT), the largest franchisor of chiropractic care in the US, has been ranked No. 150 on the Franchise Times Top 400 list. This represents an 18-spot improvement from the previous year, marking The Joint's fifth consecutive year in the top 200 listing of brands.
The Franchise Times Top 400 ranks the largest US-based franchised systems according to global, systemwide sales. Peter D. Holt, President and CEO of The Joint Chiropractic, attributed this recognition to the dedication and commitment of their franchisees, Regional Developers, and clinic teams across the country.
The Joint Chiropractic is known for its convenient retail setting and concierge-style services, offering patients no-appointment, no-insurance hassle chiropractic care with affordable prices and accommodating hours, including evenings and weekends.
The Joint Corp. (NASDAQ: JYNT), the largest franchisor of chiropractic care in the US, is celebrating its 25th anniversary with a special promotion. From October 7 to November 4, existing patients can enjoy retro membership rates of $49 for the first month at participating locations, reflecting the company's 1999 pricing.
The Joint Chiropractic has achieved significant milestones over the past 25 years, including:
- Over 13 million patient visits annually
- More than 2,500 licensed chiropractors
- Expansion to over 950 clinics across 41 states and DC
- Over $1 million in donations to chiropractic schools and associations
- Strategic partnerships with major league sports teams and collegiate athletics
The company is known for its convenient retail setting, no-appointment policy, affordable care, and accommodating hours, including evenings and weekends.
The Joint Corp. (NASDAQ: JYNT), the largest franchisor of chiropractic care in the US, has appointed Beth Gross as the new Senior Vice President of Human Resources. Reporting directly to CEO Peter D. Holt, Gross brings 20 years of experience to the role. She will be responsible for strategic HR leadership and operational execution, overseeing areas such as talent lifecycle, total rewards, HR systems, payroll, employment practices, employee relations, and legal compliance.
Holt emphasized the importance of HR in connecting high-performing teams with business objectives in today's changing job market. Gross expressed her enthusiasm for joining The Joint, recognizing the company's role in transforming healthcare delivery and increasing access to chiropractic care for millions of consumers.
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